V

No, not Vantage Equities, not any stock for that matter; rather, a V reversal. 

What do you think? Is the market now a buy? Did you hesitate to buy anything today? If you did, then for sure, you're not the only one who hesitated. So, a lot may have been left behind with today's move. In fact, today, I was still a seller during the first half of trading. I sold my DMC and URC. But wait, have you seen the chart of DMC? It recovered its losses from yesterday. Bear trap? It looks like it. Although I want to see the buyers eat up 15.5 tomorrow first. If I recall correctly, DMC was just forced closed at 15.50. Still a very promising short-term bullish setup though. 

A lot of the charts look the same, especially their stochastics (5, 3, 3). If you'd take a look at stocks like AGI, EEI, DMC, AC, MEG, FLI, MPI just to name a few, you'd see that their stochs are already turning if they haven't crossed up yet. Take a look at price though, there are still some stocks which have to eliminate a resistance. Today, you see a strong bounce off support, which is bullish. To make it more bullish, we need to see a break of their immediate resistances. So, for those who weren't able to buy, you watch out for that breakout. 

Today was really spectacular... If yesterday, we had a panic selling, today, during the latter half of trading, we had a panic buying! Oh, how sentiment changes fast! 

So, are you bullish or bearish?